--------------------------------------------------------------------------------
      name:  <unnamed>
       log:  D:\Dropbox\Work\Research\CreditCardABSRewrite\Draft\ReplicationFile
> s\Tab_8\Table_08_Log.log
  log type:  text
 opened on:   1 Jan 2022, 15:52:36

. 
. 
. import delimited "Data_Table_08.csv"
(encoding automatically selected: ISO-8859-1)
(21 vars, 66 obs)

. 
. * generate ts index
. gen t = _n

. tsset t

Time variable: t, 1 to 66
        Delta: 1 unit

. 
. * generate indicators for subperiods
. generate pre=1 if year<2007
(40 missing values generated)

. generate cri=1 if year>2006 & year<2010
(54 missing values generated)

. generate post=1 if year>2009 & year<2020
(38 missing values generated)

. 
. 
. label variable driskprem_a   "DeltaRiskPrem_A"

. label variable driskprem_b   "DeltaRiskPrem_B"

. label variable driskprem_c   "DeltaRiskPrem_B"

. label variable dcapratio   "DeltaTier1"

. label variable dhkmlevfac   "DeltaLeverage"

. label variable dedfpremium   "DeltaTurnOfYear"

. label variable dcapratio_lag   "DeltaTier1_lag"

. label variable dhkmlevfac_lag   "DeltaLeverage_lag"

. label variable dedfpremium_lag   "DeltaTurnOfYear_lag"

. 
. 
. * Table 8
. *****************
. * A Tranche
. * All
. regress driskprem_a dcapratio dhkmlevfac dedfpremium dcapratio_lag dhkmlevfac_
> lag dedfpremium_lag

      Source |       SS           df       MS      Number of obs   =        66
-------------+----------------------------------   F(6, 59)        =      9.60
       Model |  14.6073339         6  2.43455564   Prob > F        =    0.0000
    Residual |  14.9671419        59  .253680371   R-squared       =    0.4939
-------------+----------------------------------   Adj R-squared   =    0.4425
       Total |  29.5744758        65  .454991935   Root MSE        =    .50367

-------------------------------------------------------------------------------
  driskprem_a | Coefficient  Std. err.      t    P>|t|     [95% conf. interval]
--------------+----------------------------------------------------------------
    dcapratio |  -.8678397   .4485832    -1.93   0.058    -1.765453    .0297732
   dhkmlevfac |  -.3396143   .0949558    -3.58   0.001    -.5296203   -.1496082
  dedfpremium |   .0622271   .0462873     1.34   0.184    -.0303935    .1548477
dcapratio_lag |  -1.288922   .4388396    -2.94   0.005    -2.167038   -.4108059
dhkmlevfac_~g |   .0234141   .0972558     0.24   0.811    -.1711943    .2180224
dedfpremium~g |   .1684967   .0454753     3.71   0.000     .0775008    .2594926
        _cons |   .1098243   .0703713     1.56   0.124    -.0309884     .250637
-------------------------------------------------------------------------------

. loc AdjR2 = e(r2_a)

. newey2 driskprem_a dcapratio dhkmlevfac dedfpremium dcapratio_lag dhkmlevfac_l
> ag dedfpremium_lag, lag(2) force
No panel variable found. Time series assumed.


Regression with Newey-West standard errors          Number of obs  =        66
maximum lag : 2                                     F(  6,    59)  =      2.48
                                                    Prob > F       =    0.0333

-------------------------------------------------------------------------------
              |             Newey-West
  driskprem_a | Coefficient  std. err.      t    P>|t|     [95% conf. interval]
--------------+----------------------------------------------------------------
    dcapratio |  -.8678397   .4233145    -2.05   0.045     -1.71489   -.0207894
   dhkmlevfac |  -.3396143   .1027763    -3.30   0.002    -.5452691   -.1339594
  dedfpremium |   .0622271   .0441379     1.41   0.164    -.0260926    .1505468
dcapratio_lag |  -1.288922   .5778953    -2.23   0.030    -2.445288   -.1325561
dhkmlevfac_~g |   .0234141   .0950248     0.25   0.806    -.1667301    .2135582
dedfpremium~g |   .1684967   .0917187     1.84   0.071     -.015032    .3520255
        _cons |   .1098243    .058211     1.89   0.064    -.0066555    .2263042
-------------------------------------------------------------------------------

. outreg2 using Tab8_A, stats(coef tstat) noaster noparen  addstat(AdjR2, `AdjR2
> ') title("A Tranche") ctitle("All") drop(driskprem*) bdec(4) bfmt(f) tdec(2) t
> fmt(f) rdec(3) rfmt(f) label word replace
Tab8_A.rtf
dir : seeout

. * 2000-2006
. regress driskprem_a dcapratio dhkmlevfac dedfpremium dcapratio_lag dhkmlevfac_
> lag dedfpremium_lag if pre==1

      Source |       SS           df       MS      Number of obs   =        26
-------------+----------------------------------   F(6, 19)        =      2.17
       Model |  .775152858         6  .129192143   Prob > F        =    0.0925
    Residual |  1.13268304        19  .059614897   R-squared       =    0.4063
-------------+----------------------------------   Adj R-squared   =    0.2188
       Total |   1.9078359        25  .076313436   Root MSE        =    .24416

-------------------------------------------------------------------------------
  driskprem_a | Coefficient  Std. err.      t    P>|t|     [95% conf. interval]
--------------+----------------------------------------------------------------
    dcapratio |   .7840187   .5223508     1.50   0.150    -.3092742    1.877312
   dhkmlevfac |  -.0560281   .0821884    -0.68   0.504    -.2280505    .1159943
  dedfpremium |   .0423798   .0402694     1.05   0.306     -.041905    .1266645
dcapratio_lag |   .1529568   .5105496     0.30   0.768    -.9156357    1.221549
dhkmlevfac_~g |   .0999858   .0757745     1.32   0.203    -.0586122    .2585837
dedfpremium~g |  -.0759194   .0384556    -1.97   0.063    -.1564079    .0045691
        _cons |  -.0285802   .0595093    -0.48   0.637    -.1531347    .0959742
-------------------------------------------------------------------------------

. loc AdjR2 = e(r2_a)

. newey2 driskprem_a dcapratio dhkmlevfac dedfpremium dcapratio_lag dhkmlevfac_l
> ag dedfpremium_lag if pre==1, lag(2) force
No panel variable found. Time series assumed.


Regression with Newey-West standard errors          Number of obs  =        26
maximum lag : 2                                     F(  6,    19)  =      3.05
                                                    Prob > F       =    0.0291

-------------------------------------------------------------------------------
              |             Newey-West
  driskprem_a | Coefficient  std. err.      t    P>|t|     [95% conf. interval]
--------------+----------------------------------------------------------------
    dcapratio |   .7840187   .6295844     1.25   0.228    -.5337167    2.101754
   dhkmlevfac |  -.0560281   .0658677    -0.85   0.406    -.1938908    .0818347
  dedfpremium |   .0423798   .0292069     1.45   0.163     -.018751    .1035106
dcapratio_lag |   .1529568   .4955121     0.31   0.761     -.884162    1.190076
dhkmlevfac_~g |   .0999858   .0854425     1.17   0.256    -.0788474     .278819
dedfpremium~g |  -.0759194   .0544127    -1.40   0.179    -.1898065    .0379677
        _cons |  -.0285802    .041088    -0.70   0.495    -.1145785     .057418
-------------------------------------------------------------------------------

. outreg2 using Tab8_A, stats(coef tstat) noaster noparen  addstat(AdjR2, `AdjR2
> ') title("A Tranche") ctitle("2000-2006") drop(driskprem*) bdec(4) bfmt(f) tde
> c(2) tfmt(f) rdec(3) rfmt(f) label word 
Tab8_A.rtf
dir : seeout

. * 2007-2009
. regress driskprem_a dcapratio dhkmlevfac dedfpremium dcapratio_lag dhkmlevfac_
> lag dedfpremium_lag if cri==1

      Source |       SS           df       MS      Number of obs   =        12
-------------+----------------------------------   F(6, 5)         =     17.25
       Model |  25.9852546         6  4.33087576   Prob > F        =    0.0034
    Residual |  1.25542421         5  .251084841   R-squared       =    0.9539
-------------+----------------------------------   Adj R-squared   =    0.8986
       Total |  27.2406788        11  2.47642534   Root MSE        =    .50108

-------------------------------------------------------------------------------
  driskprem_a | Coefficient  Std. err.      t    P>|t|     [95% conf. interval]
--------------+----------------------------------------------------------------
    dcapratio |  -1.014481   1.407611    -0.72   0.503    -4.632859    2.603898
   dhkmlevfac |  -.0727841   .2534289    -0.29   0.785    -.7242437    .5786756
  dedfpremium |    .036988   .0842821     0.44   0.679     -.179666     .253642
dcapratio_lag |  -5.656507   1.287138    -4.39   0.007    -8.965201   -2.347813
dhkmlevfac_~g |   .5881033   .1925902     3.05   0.028     .0930343    1.083172
dedfpremium~g |   .1971569   .0914253     2.16   0.084    -.0378592     .432173
        _cons |   .2589027   .1823942     1.42   0.215    -.2099565    .7277619
-------------------------------------------------------------------------------

. loc AdjR2 = e(r2_a)

. newey2 driskprem_a dcapratio dhkmlevfac dedfpremium dcapratio_lag dhkmlevfac_l
> ag dedfpremium_lag if cri==1, lag(2) force
No panel variable found. Time series assumed.


Regression with Newey-West standard errors          Number of obs  =        12
maximum lag : 2                                     F(  6,     5)  =    785.22
                                                    Prob > F       =    0.0000

-------------------------------------------------------------------------------
              |             Newey-West
  driskprem_a | Coefficient  std. err.      t    P>|t|     [95% conf. interval]
--------------+----------------------------------------------------------------
    dcapratio |  -1.014481   .5620473    -1.80   0.131    -2.459269    .4303081
   dhkmlevfac |  -.0727841    .181445    -0.40   0.705    -.5392032    .3936351
  dedfpremium |    .036988   .0354096     1.04   0.344    -.0540352    .1280112
dcapratio_lag |  -5.656507   1.075562    -5.26   0.003    -8.421326   -2.891688
dhkmlevfac_~g |   .5881033   .2516889     2.34   0.067    -.0588836     1.23509
dedfpremium~g |   .1971569   .0581377     3.39   0.019     .0477092    .3466045
        _cons |   .2589027   .0634379     4.08   0.010     .0958303    .4219751
-------------------------------------------------------------------------------

. outreg2 using Tab8_A, stats(coef tstat) noaster noparen  addstat(AdjR2, `AdjR2
> ') title("A Tranche") ctitle("2007-2009") drop(driskprem*) bdec(4) bfmt(f) tde
> c(2) tfmt(f) rdec(3) rfmt(f) label word 
Tab8_A.rtf
dir : seeout

. * 2010-2020
. regress driskprem_a dcapratio dhkmlevfac dedfpremium dcapratio_lag dhkmlevfac_
> lag dedfpremium_lag if post==1

      Source |       SS           df       MS      Number of obs   =        28
-------------+----------------------------------   F(6, 21)        =      6.78
       Model |  .247180673         6  .041196779   Prob > F        =    0.0004
    Residual |  .127511706        21  .006071986   R-squared       =    0.6597
-------------+----------------------------------   Adj R-squared   =    0.5625
       Total |  .374692379        27  .013877496   Root MSE        =    .07792

-------------------------------------------------------------------------------
  driskprem_a | Coefficient  Std. err.      t    P>|t|     [95% conf. interval]
--------------+----------------------------------------------------------------
    dcapratio |   -.429273   .1028917    -4.17   0.000     -.643248   -.2152981
   dhkmlevfac |  -.1606902   .0355009    -4.53   0.000    -.2345183   -.0868622
  dedfpremium |  -.0405498   .0504621    -0.80   0.431    -.1454915     .064392
dcapratio_lag |  -.2117291   .1130961    -1.87   0.075    -.4469253    .0234672
dhkmlevfac_~g |  -.0059381   .0341152    -0.17   0.863    -.0768846    .0650084
dedfpremium~g |  -.1232472   .0468389    -2.63   0.016    -.2206541   -.0258403
        _cons |   .0365781   .0187602     1.95   0.065    -.0024358    .0755921
-------------------------------------------------------------------------------

. loc AdjR2 = e(r2_a)

. newey2 driskprem_a dcapratio dhkmlevfac dedfpremium dcapratio_lag dhkmlevfac_l
> ag dedfpremium_lag if post==1, lag(2) force
No panel variable found. Time series assumed.


Regression with Newey-West standard errors          Number of obs  =        28
maximum lag : 2                                     F(  6,    21)  =      4.05
                                                    Prob > F       =    0.0075

-------------------------------------------------------------------------------
              |             Newey-West
  driskprem_a | Coefficient  std. err.      t    P>|t|     [95% conf. interval]
--------------+----------------------------------------------------------------
    dcapratio |   -.429273   .1310685    -3.28   0.004    -.7018449   -.1567012
   dhkmlevfac |  -.1606902   .0373369    -4.30   0.000    -.2383366   -.0830439
  dedfpremium |  -.0405498   .0547951    -0.74   0.467    -.1545023    .0734028
dcapratio_lag |  -.2117291   .1099332    -1.93   0.068    -.4403477    .0168896
dhkmlevfac_~g |  -.0059381   .0304421    -0.20   0.847    -.0692458    .0573696
dedfpremium~g |  -.1232472   .0491474    -2.51   0.020    -.2254549   -.0210396
        _cons |   .0365781   .0143057     2.56   0.018     .0068278    .0663285
-------------------------------------------------------------------------------

. outreg2 using Tab8_A, stats(coef tstat) noaster noparen  addstat(AdjR2, `AdjR2
> ') title("A Tranche") ctitle("2010-2020") drop(driskprem*) bdec(4) bfmt(f) tde
> c(2) tfmt(f) rdec(3) rfmt(f) label word 
Tab8_A.rtf
dir : seeout

. 
. 
. *******************
. * B Tranche
. * All
. regress driskprem_b dcapratio dhkmlevfac dedfpremium dcapratio_lag dhkmlevfac_
> lag dedfpremium_lag

      Source |       SS           df       MS      Number of obs   =        66
-------------+----------------------------------   F(6, 59)        =      8.31
       Model |  126.661226         6  21.1102044   Prob > F        =    0.0000
    Residual |  149.885213        59  2.54042734   R-squared       =    0.4580
-------------+----------------------------------   Adj R-squared   =    0.4029
       Total |  276.546439        65   4.2545606   Root MSE        =    1.5939

-------------------------------------------------------------------------------
  driskprem_b | Coefficient  Std. err.      t    P>|t|     [95% conf. interval]
--------------+----------------------------------------------------------------
    dcapratio |  -1.264694   1.419557    -0.89   0.377    -4.105222    1.575833
   dhkmlevfac |  -1.001783   .3004909    -3.33   0.001    -1.603064   -.4005022
  dedfpremium |  -.0570937   .1464776    -0.39   0.698    -.3501948    .2360074
dcapratio_lag |  -4.766597   1.388723    -3.43   0.001    -7.545427   -1.987768
dhkmlevfac_~g |  -.2979491   .3077694    -0.97   0.337    -.9137941     .317896
dedfpremium~g |   .4040884   .1439083     2.81   0.007     .1161286    .6920481
        _cons |   .2435552   .2226925     1.09   0.279    -.2020515     .689162
-------------------------------------------------------------------------------

. loc AdjR2 = e(r2_a)

. newey2 driskprem_b dcapratio dhkmlevfac dedfpremium dcapratio_lag dhkmlevfac_l
> ag dedfpremium_lag, lag(2) force
No panel variable found. Time series assumed.


Regression with Newey-West standard errors          Number of obs  =        66
maximum lag : 2                                     F(  6,    59)  =      2.35
                                                    Prob > F       =    0.0424

-------------------------------------------------------------------------------
              |             Newey-West
  driskprem_b | Coefficient  std. err.      t    P>|t|     [95% conf. interval]
--------------+----------------------------------------------------------------
    dcapratio |  -1.264694   .8878781    -1.42   0.160    -3.041334    .5119455
   dhkmlevfac |  -1.001783   .4049609    -2.47   0.016    -1.812108   -.1914581
  dedfpremium |  -.0570937    .176398    -0.32   0.747    -.4100652    .2958778
dcapratio_lag |  -4.766597   2.459057    -1.94   0.057    -9.687159    .1539647
dhkmlevfac_~g |  -.2979491   .2497836    -1.19   0.238     -.797765    .2018668
dedfpremium~g |   .4040884   .1966702     2.05   0.044     .0105522    .7976245
        _cons |   .2435552   .1709864     1.42   0.160    -.0985879    .5856983
-------------------------------------------------------------------------------

. outreg2 using Tab8_B, stats(coef tstat) noaster noparen  addstat(AdjR2, `AdjR2
> ') title("B Tranche") ctitle("All")  drop(driskprem*) bdec(4) bfmt(f) tdec(2) 
> tfmt(f) rdec(3) rfmt(f) label word replace
Tab8_B.rtf
dir : seeout

. * 2000-2006
. regress driskprem_b dcapratio dhkmlevfac dedfpremium dcapratio_lag dhkmlevfac_
> lag dedfpremium_lag if pre==1

      Source |       SS           df       MS      Number of obs   =        26
-------------+----------------------------------   F(6, 19)        =      2.24
       Model |  1.49832976         6  .249721626   Prob > F        =    0.0835
    Residual |  2.11556501        19  .111345527   R-squared       =    0.4146
-------------+----------------------------------   Adj R-squared   =    0.2297
       Total |  3.61389476        25  .144555791   Root MSE        =    .33368

-------------------------------------------------------------------------------
  driskprem_b | Coefficient  Std. err.      t    P>|t|     [95% conf. interval]
--------------+----------------------------------------------------------------
    dcapratio |    1.17192   .7138735     1.64   0.117    -.3222342    2.666075
   dhkmlevfac |  -.0641196   .1123233    -0.57   0.575    -.2992148    .1709757
  dedfpremium |   .0644968   .0550343     1.17   0.256    -.0506914     .179685
dcapratio_lag |   .1628586   .6977453     0.23   0.818    -1.297539    1.623256
dhkmlevfac_~g |   .1288048   .1035577     1.24   0.229    -.0879439    .3455535
dedfpremium~g |  -.0986503   .0525556    -1.88   0.076    -.2086504    .0113497
        _cons |  -.0382852   .0813287    -0.47   0.643    -.2085082    .1319378
-------------------------------------------------------------------------------

. loc AdjR2 = e(r2_a)

. newey2 driskprem_b dcapratio dhkmlevfac dedfpremium dcapratio_lag dhkmlevfac_l
> ag dedfpremium_lag if pre==1, lag(2) force
No panel variable found. Time series assumed.


Regression with Newey-West standard errors          Number of obs  =        26
maximum lag : 2                                     F(  6,    19)  =      4.08
                                                    Prob > F       =    0.0086

-------------------------------------------------------------------------------
              |             Newey-West
  driskprem_b | Coefficient  std. err.      t    P>|t|     [95% conf. interval]
--------------+----------------------------------------------------------------
    dcapratio |    1.17192   .8662836     1.35   0.192    -.6412321    2.985073
   dhkmlevfac |  -.0641196   .0852717    -0.75   0.461    -.2425952    .1143561
  dedfpremium |   .0644968   .0384919     1.68   0.110    -.0160676    .1450612
dcapratio_lag |   .1628586   .6981444     0.23   0.818    -1.298374    1.624092
dhkmlevfac_~g |   .1288048   .1161016     1.11   0.281    -.1141987    .3718083
dedfpremium~g |  -.0986503   .0736392    -1.34   0.196    -.2527789    .0554782
        _cons |  -.0382852    .059591    -0.64   0.528    -.1630107    .0864403
-------------------------------------------------------------------------------

. outreg2 using Tab8_B, stats(coef tstat) noaster noparen  addstat(AdjR2, `AdjR2
> ') title("B Tranche") ctitle("2000-2006") drop(driskprem*) bdec(4) bfmt(f) tde
> c(2) tfmt(f) rdec(3) rfmt(f) label word 
Tab8_B.rtf
dir : seeout

. * 2007-2009
. regress driskprem_b dcapratio dhkmlevfac dedfpremium dcapratio_lag dhkmlevfac_
> lag dedfpremium_lag if cri==1

      Source |       SS           df       MS      Number of obs   =        12
-------------+----------------------------------   F(6, 5)         =      6.92
       Model |  241.574029         6  40.2623381   Prob > F        =    0.0255
    Residual |  29.0992774         5  5.81985548   R-squared       =    0.8925
-------------+----------------------------------   Adj R-squared   =    0.7635
       Total |  270.673306        11  24.6066642   Root MSE        =    2.4124

-------------------------------------------------------------------------------
  driskprem_b | Coefficient  Std. err.      t    P>|t|     [95% conf. interval]
--------------+----------------------------------------------------------------
    dcapratio |   4.024933   6.776859     0.59   0.578    -13.39554     21.4454
   dhkmlevfac |  -1.141488   1.220118    -0.94   0.392    -4.277902    1.994926
  dedfpremium |    -.02533   .4057711    -0.06   0.953    -1.068398    1.017738
dcapratio_lag |  -19.24528   6.196851    -3.11   0.027    -35.17479   -3.315764
dhkmlevfac_~g |   1.115265   .9272144     1.20   0.283    -1.268215    3.498746
dedfpremium~g |   .4209652   .4401615     0.96   0.383     -.710506    1.552436
        _cons |   .2370513   .8781261     0.27   0.798    -2.020244    2.494346
-------------------------------------------------------------------------------

. loc AdjR2 = e(r2_a)

. newey2 driskprem_b dcapratio dhkmlevfac dedfpremium dcapratio_lag dhkmlevfac_l
> ag dedfpremium_lag if cri==1, lag(2) force
No panel variable found. Time series assumed.


Regression with Newey-West standard errors          Number of obs  =        12
maximum lag : 2                                     F(  6,     5)  =     33.26
                                                    Prob > F       =    0.0007

-------------------------------------------------------------------------------
              |             Newey-West
  driskprem_b | Coefficient  std. err.      t    P>|t|     [95% conf. interval]
--------------+----------------------------------------------------------------
    dcapratio |   4.024933   3.217189     1.25   0.266    -4.245114    12.29498
   dhkmlevfac |  -1.141488   1.301398    -0.88   0.421    -4.486839    2.203863
  dedfpremium |    -.02533   .2439051    -0.10   0.921    -.6523081    .6016481
dcapratio_lag |  -19.24528    6.15399    -3.13   0.026    -35.06461   -3.425941
dhkmlevfac_~g |   1.115265   1.127702     0.99   0.368    -1.783584    4.014114
dedfpremium~g |   .4209652   .3137146     1.34   0.237     -.385464    1.227394
        _cons |   .2370513   .3970068     0.60   0.576     -.783487     1.25759
-------------------------------------------------------------------------------

. outreg2 using Tab8_B, stats(coef tstat) noaster noparen  addstat(AdjR2, `AdjR2
> ') title("B Tranche") ctitle("2007-2009") drop(driskprem*) bdec(4) bfmt(f) tde
> c(2) tfmt(f) rdec(3) rfmt(f) label word 
Tab8_B.rtf
dir : seeout

. * 2010-2020
. regress driskprem_b dcapratio dhkmlevfac dedfpremium dcapratio_lag dhkmlevfac_
> lag dedfpremium_lag if post==1

      Source |       SS           df       MS      Number of obs   =        28
-------------+----------------------------------   F(6, 21)        =      5.80
       Model |  1.09415958         6   .18235993   Prob > F        =    0.0011
    Residual |     .660253        21  .031440619   R-squared       =    0.6237
-------------+----------------------------------   Adj R-squared   =    0.5161
       Total |  1.75441258        27  .064978244   Root MSE        =    .17732

-------------------------------------------------------------------------------
  driskprem_b | Coefficient  Std. err.      t    P>|t|     [95% conf. interval]
--------------+----------------------------------------------------------------
    dcapratio |  -.7179487   .2341318    -3.07   0.006    -1.204852    -.231045
   dhkmlevfac |  -.3269527   .0807828    -4.05   0.001    -.4949498   -.1589557
  dedfpremium |  -.0402434   .1148275    -0.35   0.729    -.2790403    .1985534
dcapratio_lag |  -.5251408   .2573522    -2.04   0.054    -1.060334    .0100523
dhkmlevfac_~g |  -.0888937   .0776298    -1.15   0.265    -.2503338    .0725463
dedfpremium~g |   -.374968   .1065828    -3.52   0.002     -.596619    -.153317
        _cons |   .0380101   .0426891     0.89   0.383    -.0507668    .1267871
-------------------------------------------------------------------------------

. loc AdjR2 = e(r2_a)

. newey2 driskprem_b dcapratio dhkmlevfac dedfpremium dcapratio_lag dhkmlevfac_l
> ag dedfpremium_lag if post==1, lag(2) force
No panel variable found. Time series assumed.


Regression with Newey-West standard errors          Number of obs  =        28
maximum lag : 2                                     F(  6,    21)  =      3.86
                                                    Prob > F       =    0.0094

-------------------------------------------------------------------------------
              |             Newey-West
  driskprem_b | Coefficient  std. err.      t    P>|t|     [95% conf. interval]
--------------+----------------------------------------------------------------
    dcapratio |  -.7179487   .3490591    -2.06   0.052    -1.443857    .0079594
   dhkmlevfac |  -.3269527   .1008694    -3.24   0.004    -.5367222   -.1171832
  dedfpremium |  -.0402434   .0973112    -0.41   0.683    -.2426131    .1621262
dcapratio_lag |  -.5251408   .2667708    -1.97   0.062    -1.079921    .0296395
dhkmlevfac_~g |  -.0888937   .0851861    -1.04   0.309    -.2660479    .0882605
dedfpremium~g |   -.374968   .1671008    -2.24   0.036    -.7224732   -.0274628
        _cons |   .0380101   .0340488     1.12   0.277    -.0327981    .1088184
-------------------------------------------------------------------------------

. outreg2 using Tab8_B, stats(coef tstat) noaster noparen  addstat(AdjR2, `AdjR2
> ') title("B Tranche") ctitle("2010-2020") drop(driskprem*) bdec(4) bfmt(f) tde
> c(2) tfmt(f) rdec(3) rfmt(f) label word 
Tab8_B.rtf
dir : seeout

. 
. 
. *******************
. * C Tranche
. * All
. regress driskprem_c dcapratio dhkmlevfac dedfpremium dcapratio_lag dhkmlevfac_
> lag dedfpremium_lag

      Source |       SS           df       MS      Number of obs   =        66
-------------+----------------------------------   F(6, 59)        =      8.61
       Model |   300.95641         6  50.1594016   Prob > F        =    0.0000
    Residual |  343.571576        59  5.82324705   R-squared       =    0.4669
-------------+----------------------------------   Adj R-squared   =    0.4127
       Total |  644.527986        65  9.91581517   Root MSE        =    2.4131

-------------------------------------------------------------------------------
  driskprem_c | Coefficient  Std. err.      t    P>|t|     [95% conf. interval]
--------------+----------------------------------------------------------------
    dcapratio |    -1.8078   2.149226    -0.84   0.404    -6.108392    2.492792
   dhkmlevfac |  -1.452991   .4549467    -3.19   0.002    -2.363337   -.5426447
  dedfpremium |  -.1497137   .2217689    -0.68   0.502    -.5934721    .2940448
dcapratio_lag |  -7.283131   2.102544    -3.46   0.001    -11.49031   -3.075951
dhkmlevfac_~g |  -.4936099   .4659664    -1.06   0.294    -1.426007    .4387867
dedfpremium~g |   .6445536   .2178788     2.96   0.004     .2085792    1.080528
        _cons |   .3681161   .3371591     1.09   0.279    -.3065377     1.04277
-------------------------------------------------------------------------------

. loc AdjR2 = e(r2_a)

. newey2 driskprem_c dcapratio dhkmlevfac dedfpremium dcapratio_lag dhkmlevfac_l
> ag dedfpremium_lag, lag(2) force
No panel variable found. Time series assumed.


Regression with Newey-West standard errors          Number of obs  =        66
maximum lag : 2                                     F(  6,    59)  =      1.89
                                                    Prob > F       =    0.0968

-------------------------------------------------------------------------------
              |             Newey-West
  driskprem_c | Coefficient  std. err.      t    P>|t|     [95% conf. interval]
--------------+----------------------------------------------------------------
    dcapratio |    -1.8078   1.365018    -1.32   0.190    -4.539194    .9235939
   dhkmlevfac |  -1.452991   .5972393    -2.43   0.018    -2.648064   -.2579178
  dedfpremium |  -.1497137   .2763196    -0.54   0.590    -.7026279    .4032006
dcapratio_lag |  -7.283131   3.687322    -1.98   0.053    -14.66145    .0951833
dhkmlevfac_~g |  -.4936099   .3752009    -1.32   0.193    -1.244385    .2571653
dedfpremium~g |   .6445536   .3180037     2.03   0.047     .0082296    1.280878
        _cons |   .3681161   .2643452     1.39   0.169    -.1608375    .8970696
-------------------------------------------------------------------------------

. outreg2 using Tab8_C, stats(coef tstat) noaster noparen  addstat(AdjR2, `AdjR2
> ') title("C Tranche") ctitle("All") drop(driskprem*) bdec(4) bfmt(f) tdec(2) t
> fmt(f) rdec(3) rfmt(f) label word replace
Tab8_C.rtf
dir : seeout

. * 2000-2006
. regress driskprem_c dcapratio dhkmlevfac dedfpremium dcapratio_lag dhkmlevfac_
> lag dedfpremium_lag if pre==1

      Source |       SS           df       MS      Number of obs   =        26
-------------+----------------------------------   F(6, 19)        =      2.11
       Model |  3.77149144         6  .628581907   Prob > F        =    0.1002
    Residual |  5.66556107        19  .298187425   R-squared       =    0.3996
-------------+----------------------------------   Adj R-squared   =    0.2101
       Total |  9.43705252        25  .377482101   Root MSE        =    .54607

-------------------------------------------------------------------------------
  driskprem_c | Coefficient  Std. err.      t    P>|t|     [95% conf. interval]
--------------+----------------------------------------------------------------
    dcapratio |   1.989393   1.168233     1.70   0.105    -.4557474    4.434533
   dhkmlevfac |  -.0886332   .1838137    -0.48   0.635    -.4733598    .2960934
  dedfpremium |   .0923517   .0900621     1.03   0.318    -.0961503    .2808538
dcapratio_lag |   .2075238    1.14184     0.18   0.858    -2.182374    2.597422
dhkmlevfac_~g |   .1962783   .1694691     1.16   0.261    -.1584247    .5509812
dedfpremium~g |  -.1559817   .0860056    -1.81   0.086    -.3359935    .0240302
        _cons |  -.0705527   .1330921    -0.53   0.602    -.3491177    .2080122
-------------------------------------------------------------------------------

. loc AdjR2 = e(r2_a)

. newey2 driskprem_c dcapratio dhkmlevfac dedfpremium dcapratio_lag dhkmlevfac_l
> ag dedfpremium_lag if pre==1, lag(2) force
No panel variable found. Time series assumed.


Regression with Newey-West standard errors          Number of obs  =        26
maximum lag : 2                                     F(  6,    19)  =      4.31
                                                    Prob > F       =    0.0066

-------------------------------------------------------------------------------
              |             Newey-West
  driskprem_c | Coefficient  std. err.      t    P>|t|     [95% conf. interval]
--------------+----------------------------------------------------------------
    dcapratio |   1.989393   1.448688     1.37   0.186    -1.042746    5.021532
   dhkmlevfac |  -.0886332   .1410621    -0.63   0.537    -.3838795    .2066131
  dedfpremium |   .0923517   .0631367     1.46   0.160    -.0397948    .2244983
dcapratio_lag |   .2075238   1.144755     0.18   0.858    -2.188475    2.603523
dhkmlevfac_~g |   .1962783   .1915804     1.02   0.318    -.2047042    .5972607
dedfpremium~g |  -.1559817   .1223094    -1.28   0.218    -.4119782    .1000148
        _cons |  -.0705527    .099917    -0.71   0.489    -.2796814    .1385759
-------------------------------------------------------------------------------

. outreg2 using Tab8_C, stats(coef tstat) noaster noparen  addstat(AdjR2, `AdjR2
> ') title("C Tranche") ctitle("2000-2006") drop(driskprem*) bdec(4) bfmt(f) tde
> c(2) tfmt(f) rdec(3) rfmt(f) label word 
Tab8_C.rtf
dir : seeout

. * 2007-2009
. regress driskprem_c dcapratio dhkmlevfac dedfpremium dcapratio_lag dhkmlevfac_
> lag dedfpremium_lag if cri==1

      Source |       SS           df       MS      Number of obs   =        12
-------------+----------------------------------   F(6, 5)         =      7.95
       Model |  571.166559         6  95.1944265   Prob > F        =    0.0190
    Residual |  59.8465576         5  11.9693115   R-squared       =    0.9052
-------------+----------------------------------   Adj R-squared   =    0.7913
       Total |  631.013117        11  57.3648288   Root MSE        =    3.4597

-------------------------------------------------------------------------------
  driskprem_c | Coefficient  Std. err.      t    P>|t|     [95% conf. interval]
--------------+----------------------------------------------------------------
    dcapratio |   5.195305   9.718672     0.53   0.616    -19.78734    30.17795
   dhkmlevfac |  -1.344483   1.749768    -0.77   0.477    -5.842404    3.153439
  dedfpremium |  -.2002853    .581915    -0.34   0.745    -1.696146    1.295575
dcapratio_lag |  -29.89291   8.886884    -3.36   0.020    -52.73737   -7.048445
dhkmlevfac_~g |   1.616785   1.329715     1.22   0.278    -1.801357    5.034927
dedfpremium~g |   .6672186   .6312342     1.06   0.339    -.9554207    2.289858
        _cons |   .4950705   1.259318     0.39   0.710    -2.742109     3.73225
-------------------------------------------------------------------------------

. loc AdjR2 = e(r2_a)

. newey2 driskprem_c dcapratio dhkmlevfac dedfpremium dcapratio_lag dhkmlevfac_l
> ag dedfpremium_lag if cri==1, lag(2) force
No panel variable found. Time series assumed.


Regression with Newey-West standard errors          Number of obs  =        12
maximum lag : 2                                     F(  6,     5)  =     38.93
                                                    Prob > F       =    0.0005

-------------------------------------------------------------------------------
              |             Newey-West
  driskprem_c | Coefficient  std. err.      t    P>|t|     [95% conf. interval]
--------------+----------------------------------------------------------------
    dcapratio |   5.195305   5.105778     1.02   0.356    -7.929514    18.32012
   dhkmlevfac |  -1.344483   1.764421    -0.76   0.480    -5.880071    3.191106
  dedfpremium |  -.2002853   .3753439    -0.53   0.616    -1.165138    .7645669
dcapratio_lag |  -29.89291   8.560856    -3.49   0.017    -51.89929   -7.886527
dhkmlevfac_~g |   1.616785   1.596252     1.01   0.358    -2.486511    5.720081
dedfpremium~g |   .6672186   .4917087     1.36   0.233     -.596759    1.931196
        _cons |   .4950705   .6152971     0.80   0.458    -1.086601    2.076742
-------------------------------------------------------------------------------

. outreg2 using Tab8_C, stats(coef tstat) noaster noparen  addstat(AdjR2, `AdjR2
> ') title("C Tranche") ctitle("2007-2009") drop(driskprem*) bdec(4) bfmt(f) tde
> c(2) tfmt(f) rdec(3) rfmt(f) label word 
Tab8_C.rtf
dir : seeout

. * 2010-2020
. regress driskprem_c dcapratio dhkmlevfac dedfpremium dcapratio_lag dhkmlevfac_
> lag dedfpremium_lag if post==1

      Source |       SS           df       MS      Number of obs   =        28
-------------+----------------------------------   F(6, 21)        =      5.70
       Model |  1.86119455         6  .310199091   Prob > F        =    0.0012
    Residual |  1.14320728        21  .054438442   R-squared       =    0.6195
-------------+----------------------------------   Adj R-squared   =    0.5108
       Total |  3.00440183        27  .111274142   Root MSE        =    .23332

-------------------------------------------------------------------------------
  driskprem_c | Coefficient  Std. err.      t    P>|t|     [95% conf. interval]
--------------+----------------------------------------------------------------
    dcapratio |   -1.01365    .308083    -3.29   0.003    -1.654343   -.3729559
   dhkmlevfac |  -.4382032   .1062983    -4.12   0.000    -.6592626   -.2171438
  dedfpremium |   -.107745   .1510961    -0.71   0.484    -.4219665    .2064765
dcapratio_lag |  -.6493348   .3386376    -1.92   0.069     -1.35357    .0549006
dhkmlevfac_~g |  -.1469289   .1021494    -1.44   0.165    -.3593602    .0655024
dedfpremium~g |  -.4216224   .1402473    -3.01   0.007    -.7132826   -.1299623
        _cons |   .0518256   .0561726     0.92   0.367    -.0649918    .1686429
-------------------------------------------------------------------------------

. loc AdjR2 = e(r2_a)

. newey2 driskprem_c dcapratio dhkmlevfac dedfpremium dcapratio_lag dhkmlevfac_l
> ag dedfpremium_lag if post==1, lag(2) force
No panel variable found. Time series assumed.


Regression with Newey-West standard errors          Number of obs  =        28
maximum lag : 2                                     F(  6,    21)  =      3.73
                                                    Prob > F       =    0.0110

-------------------------------------------------------------------------------
              |             Newey-West
  driskprem_c | Coefficient  std. err.      t    P>|t|     [95% conf. interval]
--------------+----------------------------------------------------------------
    dcapratio |   -1.01365    .394824    -2.57   0.018    -1.834731   -.1925682
   dhkmlevfac |  -.4382032   .1257052    -3.49   0.002    -.6996214   -.1767849
  dedfpremium |   -.107745   .1403895    -0.77   0.451    -.3997008    .1842109
dcapratio_lag |  -.6493348   .2737081    -2.37   0.027    -1.218542   -.0801275
dhkmlevfac_~g |  -.1469289   .1414535    -1.04   0.311    -.4410975    .1472397
dedfpremium~g |  -.4216224   .1881163    -2.24   0.036    -.8128318   -.0304131
        _cons |   .0518256   .0523623     0.99   0.334    -.0570678    .1607189
-------------------------------------------------------------------------------

. outreg2 using Tab8_C, stats(coef tstat) noaster noparen  addstat(AdjR2, `AdjR2
> ') title("C Tranche") ctitle("2010-2020") drop(driskprem*) bdec(4) bfmt(f) tde
> c(2) tfmt(f) rdec(3) rfmt(f) label word 
Tab8_C.rtf
dir : seeout

. 
. log close
      name:  <unnamed>
       log:  D:\Dropbox\Work\Research\CreditCardABSRewrite\Draft\ReplicationFile
> s\Tab_8\Table_08_Log.log
  log type:  text
 closed on:   1 Jan 2022, 15:52:43
--------------------------------------------------------------------------------
